2nd Jun 2015 05:57
LONDON (Alliance News) - Odey Asset Management LLP, run by hedge fund manager Crispin Odey, has increased its stake in Plus500 Ltd to 21.33%, according to filings with the London Stock Exchange, a move that could be a factor in Playtech PLC's attempt to acquire the struggling business.
Odey Asset Management raised its stake in Plus500 to 21.33% from 19.61%, according to the filing, which came on the same day that Playtech said it has reached an agreement to acquire the troubled online contracts-for-difference trading platform in a GBP459.6 million deal.
By Steve McGrath; [email protected]; @stevemcgrath1
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